On June 30, Sugar Co. received a bill for $4,200 for running a newspaper ad in June. The bill will be paid in July. Which of the following statements is correct for June?
A. Revenues are decreased by $4,200.
B. Assets are increased by $4,200.
C. Liabilities are decreased by $4,200.
D. Expenses are increased by $4,200.
Answer: D
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